Tbd Veldt Drive, Austin

$89,500

0 Bed
0 Bath
.35 Acre
0 Garage

Invest in the future with this 1/3 acre corner lot, featuring a 300 SF tiny home and just minutes from Colorado River water access. Please note, the tiny home has no kitchen or bathroom, and is relying on a generator for power and a porta potty for restroom facilities. This lot is more about the land and its potential, with buyers responsible for installing water, electricity, and septic systems. Located in the up-and-coming Imperial Valley neighborhood, this property is surrounded by major development projects, making it a prime investment opportunity. The adjacent John Trevino Jr. Metropolitan Park at Morris Ranch is a 330-acre undeveloped parkland with exciting master plans including stages, food trucks, and space for small to medium concerts. Discover more about these plans here: https://austinparks.org/park/john-trevino-jr-metro-park/ On the opposite side, Bud Dryden Airport is poised for major attractions once completed, making this lot even more valuable due to its perfect position between the park and the airport for future concerts and events.The popular Sign Bar is minutes away, along with the massive $800M Walter E Long Metro project ( https://www.austintexas.gov/sites/default/files/files/Parks/Planning_and_Development/WaterELong/WEL%20Vision%20Plan%20Digital%20Final%20Draft%202020-08-11.pdf ) adding to the area’s growth potential. Currently, the property generates $1,800/month from leasing parking spaces to trailer owners and renting the tiny home. Situated in Austin’s ETJ, the lot has low restrictions, but buyers must build above the floodplain (around 2 ft above BFE base floodplain elevation) and provide septic, water, and electricity. Buyer must verify all info and conduct their own due diligence. Don’t miss this affordable opportunity to buy before the word gets out and developments start breaking ground.

Essential Information
MLS® #2244808
Price$89,500
Bathrooms0.00
Acres0.35
TypeResidential
Sub-TypeOther
StatusActive
Community Information
AddressTbd Veldt Drive
Area5E
SubdivisionImperial Valley Sec 01 Amd
CityAustin
CountyTravis
StateTX
Zip Code78725
Amenities
FeaturesAirport/Runway, See Remarks
ParkingOpen, Outside
ViewNeighborhood
WaterfrontNone
Has PoolYes
Utilities

Electricity Available, Propane, Sewer Not Available, Water Available

Interior
HeatingNone
Exterior
Lot DescriptionCorner Lot, Level
ConstructionHardiPlank Type
School Information
DistrictManor ISD
ElementaryOak Meadows
MiddleDecker
HighManor
Additional Information
Date ListedAugust 3rd, 2024
Days on Market127
Listing Details
Office Contact512-507-8869
Property History
Price Reduced from $99,500 to $89,500
Price Reduced from $119,000 to $99,500
LISTING MAP

Get directions to this property:

Property Listed by: eXp Realty, LLC

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from December 8th, 2024 at 12:15pm CST. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

All information provided is deemed reliable but is not guaranteed and should be independently verified.